FIX 4.3 : Bid Response <l> message

Structure | Related Messages


The Bid Response <l> message can be used in one of two ways depending on which market conventions are being followed.

In the "Non disclosed" convention the Bid Response <l> message can be used to supply a bid based on the sector, country, index and liquidity information contained within the corresponding Bid Request <k> message. See Appendix N: Program/Basket/List Trading for an example.

In the "Disclosed" convention the Bid Response <l> message can be used to supply bids based on the List Order Detail messages sent in advance of the corresponding Bid Request <k> message.


Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = l
390 BidID N
391 ClientBidID N
420 NoBidComponents Y

Number of bid repeating groups

=> Component Block - <CommissionData> Y

Insert here the set of "<CommissionData>" fields

First element of price. Required if NoBidComponents <420> > 0.

=> 66 ListID N
=> 421 Country N

ISO Country Code

=> 54 Side N

When used in response to a 'Disclosed' request indicates whether SideValue1 <396> is Buy or Sell. SideValue2 <397> can be derived by inference.

=> 44 Price N

Second element of price

=> 423 PriceType N
=> 406 FairValue N

The difference between the value of a future and the value of the underlying equities after allowing for the discounted cash flows associated with the underlying stocks (E.g. Dividends etc).

=> 430 NetGrossInd N


=> 63 SettlmntTyp N
=> 64 FutSettDate N

Takes precedence over SettlmntTyp <63> value and conditionally required/omitted for specific SettlmntTyp <63> values.

=> 336 TradingSessionID N
=> 625 TradingSessionSubID N
=> 58 Text N
=> 354 EncodedTextLen N

Must be set if EncodedText <355> field is specified and must immediately precede it.

=> 355 EncodedText N

Encoded (non-ASCII characters) representation of the Text <58> field in the encoded format specified via the MessageEncoding <347> field.

<MessageTrailer> Y


Related Messages